+ Site Statistics
+ Search Articles
+ PDF Full Text Service
How our service works
Request PDF Full Text
+ Follow Us
Follow on Facebook
Follow on Twitter
Follow on LinkedIn
+ Subscribe to Site Feeds
Most Shared
PDF Full Text
+ Translate
+ Recently Requested

Will personalized medicine help in 'transforming' the business of healthcare?

Will personalized medicine help in 'transforming' the business of healthcare?

Personalized Medicine 6(5): 555-565

Personalized medicine is recognized as being a significant part of the solution for providing better healthcare outcomes. However, there are multiple challenges to its adoption from many healthcare stakeholders. The challenges are not technological, but rather involve the development of the appropriate business model, such that all stakeholders can have the necessary incentives to justify adoption. From a commercial perspective, two different industries with distinct business models are involved: pharma and the diagnostics industry. In order for personalized medicine to have its desired impact, it is necessary that innovative business models from various sectors within healthcare are developed. The problem is that different stakeholders have different motivations, but it is all ultimately driven by economic decisions, and empowering of the patient/consumer will also be a significant factor.

Please choose payment method:

(PDF emailed within 0-6 h: $19.90)

Accession: 057518216

Download citation: RISBibTeXText

PMID: 29783307

DOI: 10.2217/pme.09.31

Related references

Personalized medicine: transforming drug development and healthcare. Therapeutic Delivery 1(5): 615-619, 2010

Personalized medicine: transforming drug development and healthcare. Therapeutic Delivery 1(5): 615-619, 2010

Personalized medicine is more than genomic medicine: confusion over terminology impedes progress towards personalized healthcare. Personalized Medicine 9(1): 85-91, 2012

In Search of the Perfect Business Model: As personalized medicine moves into the mainstream, makers of diagnostics must face a new economic reality. How to develop a value proposition in a healthcare market that is becoming increasingly elastic?. Biotechnology Healthcare 9(1): 20-23, 2012

Personalized or person-centered medicine? Their synthesis in an integrative and personalized healthcare supply. Gesundheitswesen ) 76(11): 694-695, 2015

Personalized cancer genetics training for personalized medicine: improving community-based healthcare through a genetically literate workforce. Genetics in Medicine 13(9): 832-840, 2011

All aboard! E-business technologies are transforming healthcare. Healthcare Informatics 16(9): 42-54 56 58-60, 1999

Transforming IT--aligning to healthcare business drivers. Journal of Healthcare Information Management 20(3): 13-15, 2006

Transforming Nursing Practice for Veterans: Personalized, Proactive, and Patient-Driven Healthcare. Nurse Leader 11(5): 28-36, 2013

Towards a balanced value business model for personalized medicine: an outlook. Pharmacogenomics 14(1): 89, 2013

Transforming the FDA in the age of personalized medicine-interview with Ray Woosley. Clinical and Translational Science 1(1): 5, 2008

Transforming the FDA in the Age of Personalized Medicine Interview with Ray Woosley. 2008

The Management Academy for Public Health: transforming the business of healthcare. Journal of Public Health Management and Practice 12(5): 480-481, 2006

Genomics innovation: transforming healthcare, business, and the global economy. Genome 58(12): 511-517, 2015

ICT Utilization for Healthcare and Personalized Medicine. Rinsho Byori. Japanese Journal of Clinical Pathology 63(8): 992, 2015